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The Stalirov&Co team developed the Terms of Use and the Privacy Policy for Hasher’s multicurrency crypto wallet

About company and product

Hasher Wallet is a non-custodial wallet that only the owner has access to. External organizations cannot freeze or block assets. The application provides a high level of security using biometric authentication, private key encryption, SSL cryptographic protocol and other functions. More than 2,000 cryptocurrencies, tokens, and NFTs are available to be stored in the wallet.

Client Request

🔸Audit the product and draw up documents based on the requirements of the App Store and Google Play.

🔸Check the compliance of the product with international laws in the fields of personal data protection and exchange of digital assets.

Resolution from IT lawyers

🔸Develop the Terms of Use and the Privacy Policy following the requirements of GDPR and CCPA to regulate relations with users and publish the app on the App Store and Google Play.

Realization

The Stalirov&Co team detailed the tasks of the product and codified how a non-custodial wallet works

Hasher Wallet is software for accessing and using digital assets stored on the blockchain. The app is not a bank or securities broker/dealer. It does not require a license, it is not approved by a government financial regulatory agency, and cannot be used as a personal investment advisor.

 

Hasher Wallet does not have access to users' personal information and digital assets. User is solely responsible for their activities and is aware of the risk of digital assets loss.

We set age limits

The application is intended exclusively for users who are over 18 or representatives of companies. Use of the application by minors is prohibited. Hasher Wallet is not responsible for the consequences arising from minors' use of the application.

Our lawyers set the steps for registration including identification in the application

To use the application, the user must register a wallet and undergo identification. To register, the user must create a secret code and repeat it, then create a seed phrase from the suggested words and its backup copy. Hasher Wallet provides the ability to copy the seed phrase for saving outside the application. To continue the registration procedure, the user must agree to the notification about the risks of losing the seed phrase and undergo verification of its correctness.

We listed crypto wallet services 

Hasher Wallet provides services for

◼ storage of digital assets

◼ replenishment, withdrawal, exchange, and transfer of digital assets

◼ purchasing digital assets with fiat funds, depositing and withdrawing fiat funds

◼ providing information on the value of digital assets.

 

Hasher Wallet does not control blockchain networks and providers, therefore the company does not guarantee that transactions made by users will be confirmed and processed.

We outline the services of third-party providers, which are integrated into the application

Hasher Wallet provides users with the ability to access third-party services and products from vendors whose services are integrated into the application.

◼ SAMSUB provides user and transaction verification.

◼ WhiteBIT is a cryptocurrency exchange integrated into the application.

◼ MoonPay and UTORG are payment systems for exchanging digital assets and fiat funds.

 

Hasher Wallet is not a party to agreements between users and providers. The company does not receive any payments from users for provider services. Users gain access to the providers’ services at their own risk.

Our lawyers notified users of commissions and taxes

Transactions may include fees. The user must ensure that the wallet balance is sufficient to complete the transaction.

 

Hasher Wallet is not responsible for failed transactions or losses that may arise due to insufficient funds or incorrectly set fees.

 

Users are solely responsible for compliance with tax obligations.

We codified refund rules

Hasher Wallet does not accept commissions or payments, therefore the company does not offer cash refunds and is not responsible for refunds for services provided by vendors. If the users need a refund, they must contact the relevant third-party provider.

We informed users of potential loss of access for violating application rules

If a user violates the Terms of Use, Hasher Wallet may limit, modify or terminate, temporarily or permanently, access to the application services.

 

Hasher Wallet does not block or restrict the storage of digital assets. If the use of application services is limited, the user will be able to withdraw digital assets to external wallets.

The lawyers compiled a list of users’ data that Hasher Wallet collects and stores 

Hasher Wallet automatically collects personal data such as IP addresses, time zones, language settings, and information about the device used to access the application.

 

Data is collected when the user interacts with the application, as well as during analytics and advertising campaigns using services, such as Google ADS, Google Analytics, Facebook ADS, and Facebook Analytics.

Our GDPR lawyer created measures to improve data security

Hasher Wallet has implemented measures for the secure storage of personal data on servers and hosting, and provides AES-192-CBC data encryption, md5 hashing and anonymization. Access to the application is encrypted using standard Transport Layer Security (“TLS”) technology. Hasher Wallet also uses strict HTTPS transport security.

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